An annuity is a long-term agreement between you and an insurance company that allows you to accumulate funds, on a tax-deferred basis, for a later payout which is in the form of guaranteed income that you cannot outlive. Annuities may, or may not, be a smart choice for your particular investment plan. Don't take a chance and make a wrong decision. Simply ask Chad or Ron for their help. They are well qualified to do so because of their extensive knowledge and experience.
— Available Annuity Products —
- Variable Annuity... is a tax-deferred retirement vehicle that allows you to choose from a selection of investments, and then pays you a level of income in retirement that is determined by the performance of the investments that you have previously selected. The selection of investments is crucial in determining the future value of your annuity.
- Fixed Annuity... are essentially CD-like investments issued by insurance companies. They pay guaranteed rates of interest and can be deferred or immediate. The convenience and predictability of a set payout makes a fixed annuity a popular option for retirees who want a known income stream to supplement their other retirement income.
- Immediate Annuity... are long-term, tax-deferred contracts you purchase from an insurance company that provide immediate regular payments in exchange for a lump-sum investment. These payments are guaranteed to last for a specified period of time or for a lifetime. These types of annuities may be either variable or fixed.
- Fixed Indexed Annuity... is a fixed annuity that provides you with the opportunity to enjoy interest rates that are tied to the performance of a stock market index, such as the S&P 500, without the worry of losing any of your money in a downturn. These annuities are issued by an insurance company and are not considered to be securities.
As you can see, because of the different types of annuities there is a lot to learn prior to selecting one to help you reach your financial objective. If you are interested in learning more about annuities, simply call Chad or Ron and schedule an appointment for a free consultation with absolutely no obligation on your part.